Friday, August 18 2017 14:19
Emmanuil Mkrtchyan

EEC: Armenia`s economy is between growth and deceleration

EEC: Armenia`s economy is between growth and deceleration

ArmInfo. The values of the  composite leading indicators for Armenia, Belarus and Russia indicate  that the economies are between growth phases and slowing economic  activity, while the risks are shifted towards lower growth rates.  This is evidenced by the values of consolidated coinciding and  composite leading indicators, which are calculated in the Eurasian  Economic Commission and published by the regular analytical review  "Co-existing and advanced indicators for the EEU member states".  

As reported in the ECE press release, in general, the level of economic  activity in the EEA countries will continue to be above its long-term  averages. In addition, these indicators indicate favorable prospects  for the development of the EEA member states in the short term.  According to analysts of the Eurasian Economic Commission (ECE), in  Kazakhstan and Kyrgyzstan, further growth of economic activity should  be expected.  

The current estimates of the GDP growth rates in January-June 2017  for the corresponding period of 2016 are as  follows: Armenia: + 6.1% (according to ECE estimates), Belarus: +  1.0% (according to national statistical offices), Kazakhstan: + 4.2%  (according to the Ministry of National Economy of Kazakhstan),  Kyrgyzstan: + 6.4% (according to national statistical agencies),  Russia: + 1.7% (according to the Ministry of Economic Development of  Russia).  Consolidated matching indicators are constructed on the  basis of GDP data, if necessary, data are used for individual  economic activities. 

They give an assessment of the relative economic  situation of the business cycle. Consolidated leading indicators are  built on the basis of specially selected indicators in order to form  an idea of the direction of the dynamics of changes in economic  activity in the EEA member states in the short term. When building  indicators, the approaches used by the Organization for Economic  Cooperation and Development are taken into account.

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